LIVESTOCK MARKETS: Brighter picture for dairy markets

Milk prices may be higher than originally projected for remainder of 2016.

University of Wisconsin-Madison professor emeritus Bob Cropp said the dairy picture looks a little brighter now than it did just a month ago.

“Despite relatively strong milk production, increasing stocks of dairy products and weak exports, dairy product prices have surprisingly strengthened in June,” he said.

On the Chicago Mercantile Exchange, butter, which averaged $2.0554/lb. in May, is now at $2.36/lb. Barrel cheese and 40 lb. block cheese, which averaged $1.3529/lb. and

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